On Tuesday, Business Continuity Solutions Inc. (PINK:BUCS) closed the session at $0.074 which is an all time high for the company. In a more general view, BUCS has gone through a serious upward trend since the end of last year, which had hauled the company’s stock from $0.005 per share to $0.07.
On July 14, the company officially changed its name from Exosphere Aircraft Co., Inc to Business Continuity Solutions inc. The company also forfeited its former symbol EXSA and changed it with BUCS. The press release which announced the corporate action emphasized that the company is occupied with providing data backup protection for corporations.
A couple of days later, the BUCS issued another press release with an invitation to a conference call that would clarify recent and key developments of the company. According to the press release the corporate overview will be held on Friday, July 29.
Yesterday, after the end of the session, a newsletter was issued on the company by Penny Stock Rumors. The promoter revealed that he was compensated $2,500 for the campaign but didn’t reveal source of the compensation. [BANNER]
Depending on how many investors will get impressed by the newsletter, it can be expected that BUCS will undergo a more intensive trade than usual in the coming session.
This month, the company also filed its quarterly report which showed both a relatively good balance sheet and income statement. According to the document, there was a net income of $17 thousand in the last quarter while the company retains a positive working capital, even though long term debt exceeds assets.
Unfortunately, the financial reports are not official which is a good reason for anyone to mistrust the data in them. Furthermore, BUCS is still a limited information company which is also a matter of concern for investors who are not prone to gamble on the market.
